Banking & Financial Institutions

Financial institutions; credit cards; credit card arrangements act; modify definitions and update title. Amends title & sec. 1 of 1984 PA 379 (MCL 493.101).

Occupations; notaries public; recognition of notarial acts performed outside of this state; authorize in state notary statute. Amends title & secs. 1 & 11 of 2003 PA 238 (MCL 55.261 & 55.271) & adds sec. 25a. TIE BAR WITH: SB 0664'17, SB 0997'18, SB 0998'18

Property; recording; requirements for recording electronic documents; modify. Amends secs. 4 & 5 of 2010 PA 123 (MCL 565.844 & 565.845). TIE BAR WITH: SB 0664'17, SB 0664'17, SB 0996'18, SB 0996'18, SB 0997'18, SB 0997'18, SB 0998'18, SB 0998'18

Liens; construction; architects, engineers, and surveyors; allow to have a lien on recording a notice, without an actual physical improvement. Amends secs. 104, 106, 108, 108a, 109, 112 & 119 of 1980 PA 497 (MCL 570.1104 et seq.) & adds secs. 107a & 107b & repeals sec. 301 of 1980 PA 497 (MCL 570.1301).

Occupations; notaries public; notary public application process; require surety bond to cover from appointment date to end of commission date. Amends secs. 11 & 13 of 2003 PA 238 (MCL 55.271 & 55.273).

Property; conveyances; state-owned property under the jurisdiction of the department of corrections; provide for the sale of. Creates new act.

Property; mortgages; fee assessed by foreclosure sale purchasers to calculate redemption amount; provide cap. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240).

Consumer credit; credit reports and reporting agencies; free security freeze for consumers; provide for. Amends title & secs. 11, 14, 17, 21, 23 & 31 of 2013 PA 229 (MCL 445.2521 et seq.).

Housing; housing development authority; refinancing option; allow. Amends sec. 44 of 1966 PA 346 (MCL 125.1444).

Trade; data security; personal identifying information; require encryption of certain computerized data and provide remedy to depository institutions for security breaches. Amends secs. 11 & 12 of 2004 PA 452 (MCL 445.71 & 445.72). TIE BAR WITH: SB 0632'17

Commercial code; secured transactions; enforcement of security interest in agricultural property; provide opportunity for mediation. Amends sec. 9601 of 1962 PA 174 (MCL 440.9601). TIE BAR WITH: SB 0517'17

Civil procedure; execution; foreclosure of mortgages and land contracts of agricultural property and collection of agricultural debts; provide opportunity for mediation. Amends secs. 3204, 4001, 4011, 5726, 5728 & 6001 of 1961 PA 236 (MCL 600.3204 et seq.) & adds secs. 3104 & 4010. TIE BAR WITH: SB 0517'17

Financial institutions; payday lending; general revisions; provide for. Amends secs. 2, 11, 22, 31, 32, 33 & 35 of 2005 PA 244 (MCL 487.2122 et seq.). TIE BAR WITH: SB 0431'17

Occupations; securities; financial advisors to report suspected cases of financial abuse of elderly or other vulernable adults; require certain record keeping and posting of information. Amends 2008 PA 551 (MCL 451.2101 - 451.2703) by adding art. 5A. TIE BAR WITH: SB 0346'17

Property; recording; statement of marital status in instruments conveying or mortgaging real estate; remove requirement. Amends sec. 1 of 1915 PA 79 (MCL 565.221).

Financial institutions; credit cards; credit card arrangements act; modify definition of credit card or charge card. Amends sec. 1 of 1984 PA 379 (MCL 493.101).

State financing and management; funds; recovery of certain fees for recording certain documents; allow. Amends sec. 25 of 1941 PA 122 (MCL 205.25). TIE BAR WITH: SB 0599'15

Liens; other; liens for labor on oil and gas wells; clarify fee for recording and indexing a statement claiming a lien. Amends sec. 4 of 1937 PA 146 (MCL 570.254). TIE BAR WITH: SB 0599'15

Commercial code; secured transactions; recording fees for mortgages that are effective as financing statements; clarify. Amends sec. 9525 of 1962 PA 174 (MCL 440.9525). TIE BAR WITH: SB 0599'15

Liens; other; fee for recording or discharging lien; modify in the Michigan employment security act. Amends sec. 15 of 1936 (Ex Sess) PA 1 (MCL 421.15). TIE BAR WITH: SB 0599'15

Financial institutions; banks; fees and examinations of state banks in banking code of 1999; revise, and establish state bank regulatory fund. Amends title & secs. 1202, 1203, 2202, 2203, 2308, 4108 & 4304 of 1999 PA 276 (MCL 487.11202 et seq.). TIE BAR WITH: SB 0749'16, SB 0750'16

Financial institutions; banks; permissible investments by state banks; revise. Amends sec. 4301 of 1999 PA 276 (MCL 487.14301). TIE BAR WITH: SB 0748'16, SB 0749'16

Occupations; collection practices; applicability of collection practices provisions of occupational code to repossession and certain other collection practices; modify. Amends sec. 901 of 1980 PA 299 (MCL 339.901).

Land use; land division; fee collected for final plat; revise. Amends sec. 241 of 1967 PA 288 (MCL 560.241). TIE BAR WITH: SB 0599'15

Financial institutions; credit unions; authority to organize or invest in credit union service organizations that provide trust services and other services; revise. Amends sec. 407 of 2003 PA 215 (MCL 490.407). TIE BAR WITH: HB 5017'15, HB 5018'15, HB 5020'15, HB 5021'15, HB 5022'15

Financial institutions; credit unions; administration and operation of credit unions; make certain revisions to credit union act. Amends secs. 201, 210, 221, 303, 306 & 341 of 2003 PA 215 (MCL 490.201 et seq.). TIE BAR WITH: HB 5017'15, HB 5019'15, HB 5020'15, HB 5021'15, HB 5022'15

Financial institutions; credit unions; credit union act; make general amendments. Amends title & secs. 102, 103, 202, 214, 304, 305, 342, 345, 353, 355, 357, 401, 408, 409, 423, 431 & 432 of 2003 PA 215 (MCL 490.102 et seq.). TIE BAR WITH: HB 5018'15, HB 5019'15, HB 5020'15, HB 5021'15, HB 5022'15

Financial institutions; payday lending; satisfaction of deferred presentment transactions; authorize use of debit cards and certain telephone-initiated transactions. Amends sec. 35 of 2005 PA 244 (MCL 487.2155). TIE BAR WITH: SB 0607'15

Higher education; financial aid; student loan program; provide for issuance of student loans and loan guarantees. Amends secs. 2, 3, 4 & 10 of 1960 PA 77 (MCL 390.952 et seq.) & adds sec. 7c. TIE BAR WITH: HB 5583'16, SB 0905'16

Financial institutions; other; licensing of student loan servicers; require. Creates new act. TIE BAR WITH: HB 5583'16, SB 0905'16

Individual income tax; deductions; deduction for certain capital gains; provide for. Amends secs. 30 & 623 of 1967 PA 281 (MCL 206.30 & 206.623).

Retirement; investments; investment of assets of public employee retirement systems; allow for the purchase of certain intrastate securities. Amends sec. 12d of 1965 PA 314 (MCL 38.1132d) & adds sec. 19c.

Financial institutions; banks; conduct of loan promotion raffles; allow. Amends sec. 4111 of 1999 PA 276 (MCL 487.14111). TIE BAR WITH: SB 0752'16

Consumer credit; other; credit services protection act; modify certain definitions. Amends secs. 2 & 3 of 1994 PA 160 (MCL 445.1822 & 445.1823) & adds sec. 3a.

Civil procedure; foreclosure; judicial foreclosure; require for certain residential mortgages. Amends sec. 3201 of 1961 PA 236 (MCL 600.3201) & adds sec. 3117.

Cities; home rule; provision regarding financial recovery bonds; modify. Amends sec. 36a of 1909 PA 279 (MCL 117.36a).

Civil procedure; foreclosure; property inspections during redemption period; correct procedural requirement. Amends secs. 3238 & 3241a of 1961 PA 236 (MCL 600.3238 & 600.3241a).

Property tax; delinquent taxes; bids on foreclosed properties from certain individuals; prohibit under certain circumstances and require registration. Amends sec. 78m of 1893 PA 206 (MCL 211.78m).

Financial institutions; banks; savings promotion raffles by state banks; allow. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4111.

Property tax; delinquent taxes; bids on foreclosed properties from certain individuals; prohibit under certain circumstances and require registrations. Amends sec. 78m of 1893 PA 206 (MCL 211.78m).

Records; public; recording affidavit and copy of original conveyance; allow for indexing under name of affiant only in certain cases. Amends sec. 28 of 1846 RS 65 (MCL 565.28). TIE BAR WITH: HB 4638'13, HB 4640'13

Records; public; recording copy of original conveyance; specify requirements for accompanying affidavit. Amends sec. 1a of 1915 PA 123 (MCL 565.451a). TIE BAR WITH: HB 4638'13

Civil procedure; foreclosure; property inspections during redemption period; revise procedures for. Amends secs. 3204, 3240 & 3278 of 1961 PA 236 (MCL 600.3204 et seq.); adds secs. 3237 & 3238 & repeals secs. 3205, 3205e & 3206 of 1961 PA 236 (MCL 600.3205 et seq.).

Commercial code; secured transactions; calculation of damages for violation of article 9 by secured party; revise, and extend rules in deficiency actions to consumer transactions. Amends secs. 9625 & 9626 of 1962 PA 174 (MCL 440.9625 & 440.9626).

Commercial code; bank deposits and collections; general revisions to article 4 of the uniform commercial code; provide for. Amends secs. 4104, 4207, 4208, 4212, 4301 & 4403 of 1962 PA 174 (MCL 440.4104 et seq.).

A concurrent resolution to urge the Congress of the United States to repeal section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Human services; services or financial assistance; access to family independence program assistance from certain automated teller machines (ATMs); prohibit. Amends sec. 57v of 1939 PA 280 (MCL 400.57v).

Consumer credit; credit reports and reporting agencies; security freeze on credit reports concerning other children and consumers; allow under certain circumstance. Creates new act.

A resolution to urge the Congress and the President of the United States to enact legislation that would reinstate the separation of commercial and investment banking functions in effect under the Glass-Steagall Act.

Liquor; retail sales; access to family independence program assistance from certain automatic teller machines (ATMs); prohibit. Amends 1998 PA 58 (MCL 436.1101 - 436.2303) by adding sec. 1024.

Financial institutions; savings banks; access to cash benefits from certain automatic teller machines (ATMs) with bridge card; prohibit. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 436.

Businesses; business corporations; ownership requirements for professional corporations engaged in practice of public accounting; revise. Amends sec. 284 of 1972 PA 284 (MCL 450.1284).

Businesses; business corporations; shareholder vote requirement for certain business combinations; revise. Amends sec. 778 of 1972 PA 284 (MCL 450.1778).

Financial institutions; savings banks; written disclosure of rights of account holders; require for joint accounts. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 435.

Education; curriculum; 1/2 credit of financial literacy; require as part of the math credit required for Michigan merit curriculum. Amends sec. 1278a of 1976 PA 451 (MCL 380.1278a).

Civil procedure; foreclosure; mortgage modification program; revise. Amends sec. 3204 of 1961 PA 236 (MCL 600.3204). TIE BAR WITH: HB 4765'13, HB 4766'13, SB 0383'13

Civil procedure; foreclosure; mortgage modification program; phase out and repeal. Amends sec. 3205e of 1961 PA 236 (MCL 600.3205e) & repeals secs. 3205a - 3205d of 1961 PA 236 (MCL 600.3205a et seq.). TIE BAR WITH: HB 4764'13, HB 4766'13, HB 4767'13, SB 0380'13, SB 0382'13, SB 0383'13

Financial institutions; savings banks; overdraft fees; regulate. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 401a.

Consumer credit; credit cards; surcharges on credit card purchases; prohibit. Amends sec. 3 of 1976 PA 331 (MCL 445.903).

Financial institutions; savings and loan associations; handling and processing food stamps statute; revise citations. Amends sec. 1 of 1973 PA 43 (MCL 400.171). TIE BAR WITH: HB 5835'12

Financial institutions; savings and loan associations; motor vehicle sales finance statute; revise citation to savings and loan act. Amends sec. 36 of 1950 (Ex Sess) PA 27 (MCL 492.136). TIE BAR WITH: HB 5835'12

Financial institutions; mortgage brokers and lenders; mortgage loans to which mortgage brokers, lenders, and servicers licensing act apply; revise. Amends sec. 1a of 1987 PA 173 (MCL 445.1651a).

Consumer credit; lending practices; mortgage loan subject to mortgage lending practices statute; modify. Amends sec. 1 of 1977 PA 135 (MCL 445.1601).

Civil procedure; foreclosure; mortgage modification negotiation procedures; extend sunset provision. Amends secs. 3204 & 3205e of 1961 PA 236 (MCL 600.3204 & 600.3205e).

State financing and management; purchasing; Iran economic sanctions act; enact. Creates new act.

Occupations; appraisers; appraisal management companies; establish license and application fees. Amends 1979 PA 152 (MCL 338.2201 - 338.2277) by adding sec. 38a. TIE BAR WITH: HB 4975'11

State financing and management; funds; homeowner protection fund; establish to receive money from consent judgment with mortgage loan servicers. Creates new act.

State agencies (existing); licensing and regulatory affairs; appointments to the mortgage industry advisory board; modify. Amends sec. 33 of 1987 PA 173 (MCL 445.1683).

Financial institutions; loan officers; regulation of loan modification activities by sponsored mortgage loan originators; clarify. Amends secs. 3, 5, 9, 15 & 29 of 2009 PA 75 (MCL 493.133 et seq.).

Local government; financing; investments in certain deposit accounts; authorize. Amends sec. 1 of 1943 PA 20 (MCL 129.91).

Transportation; funds; receipt of money; subject to compliance with Iran economic sanctions act. Amends 1951 PA 51 (MCL 247.651 - 247.675) by adding sec. 1j. TIE BAR WITH: HB 5479'12

State financing and management; purchasing; engaging in contracts for construction with companies that have business activities in Iran; prohibit. Amends sec. 241 of 1984 PA 431 (MCL 18.1241). TIE BAR WITH: HB 5479'12

State financing and management; funds; strategic fund; subject to new Iran economic sanctions act. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15. TIE BAR WITH: HB 5479'12

Commercial code; other; general revisions to article 1 of the uniform commercial code; provide for. Amends heading of pt. 1 & secs. 1101, 1102, 1103, 1106, 1202, 1203, 1204, 1205, 1206, 2202, 2A501, 2A518, 2A519, 2A527, 2A528, 3103, 4A105, 4A106, 4A204, 5103 & 8102 of 1962 PA 174 (MCL 440.1101 et seq.); adds heading for pt. 3 & secs. 1108, 1301, 1302, 1303, 1304, 1305, 1306, 1307, 1308, 1309 & 1310 & repeals secs. 1105, 1107, 1207, 1208, 1209, 1210, 1211, 2208 & 2A207 of 1962 PA 174 (MCL 440.1105 et seq.). TIE BAR WITH: HB 5082'11, HB 5083'11

Transportation; funds; receipt of money; subject to compliance with Iran economic sanction act. Amends 1951 PA 51 (MCL 247.651 - 247.675) by adding sec. 1j. TIE BAR WITH: SB 1024'12

State financing and management; purchasing; engaging in contracts for construction with companies that have business activities in Iran; prohibit. Amends sec. 241 of 1984 PA 431 (MCL 18.1241). TIE BAR WITH: SB 1024'12

A resolution to memorialize Congress and the U.S. Department of Treasury to restore the option of purchasing U.S. savings bonds in paper form at any time.

Civil procedure; foreclosure; redemption period; modify for certain residential and farm property. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240). TIE BAR WITH: HB 4542'11, HB 4543'11

Civil procedure; foreclosure; mortgage modification negotiation procedures; modify. Amends secs. 3204, 3205 & 3212 of 1961 PA 236 (MCL 600.3204 et seq.) & adds sec. 3278. TIE BAR WITH: HB 4543'11, HB 4544'11

Financial institutions; savings and loan associations; written disclosure of rights of account holders; require for joint accounts. Amends 1980 PA 307 (MCL 491.102 - 491.1202) by adding sec. 629.

Property tax; delinquent taxes; procedure for bidding on tax delinquent property; revise. Amends sec. 78m of 1893 PA 206 (MCL 211.78m).

Civil procedure; foreclosure; deficiency judgment; prohibit. Amends secs. 3150 & 3280 of 1961 PA 236 (MCL 600.3150 & 600.3280).

Criminal procedure; sentencing guidelines; sentencing guidelines for notary public violations; enact. Amends sec. 11c, ch. XVII of 1927 PA 175 (MCL 777.11c). TIE BAR WITH: SB 0252'11

Crimes; fraud; value thresholds for crime of false pretenses; revise. Amends sec. 218 of 1931 PA 328 (MCL 750.218).

Criminal procedure; statute of limitations; certain crimes relating to real property; revise statute of limitations. Amends sec. 24, ch. VII of 1927 PA 175 (MCL 767.24).

Consumer credit; lending practices; crime of residential mortgage fraud; establish. Amends 1931 PA 328 (MCL 750.1 - 750.568) by adding sec. 219d.

Civil procedure; foreclosure; home mortgage loan modifications; require lender to modify mortgage if borrower meets certain qualifications. Amends sec. 3205c of 1961 PA 236 (MCL 600.3205c).

Civil procedure; foreclosure; power to foreclose mortgages by advertisement; prohibit if mortgage holder does not participate in help for hardest hit program. Amends secs. 3204, 3205, 3205a & 3205c of 1961 PA 236 (MCL 600.3204 et seq.).

Civil procedure; foreclosure; judicial foreclosure; require for certain residential mortgages. Amends secs. 3201 & 3240 of 1961 PA 236 (MCL 600.3201 & 600.3240) & adds sec. 3117.

Financial institutions; banks; overdraft fees; regulate. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4101a.

Financial institutions; savings and loan associations; overdraft fees; regulate. Amends 1980 PA 307 (MCL 491.102 - 491.1202) by adding sec. 601.

Labor; hours and wages; payroll debit card; revise requirements for issuing. Amends sec. 6 of 1978 PA 390 (MCL 408.476).

Occupations; notaries public; penalties for notary public violations; increase. Amends secs. 41, 43 & 49 of 2003 PA 238 (MCL 55.301 et seq.).

Financial institutions; savings and loan associations; overdraft fees; regulate. Amends 1980 PA 307 (MCL 491.102 - 491.1202) by adding sec. 601.

Financial institutions; generally; residential mortgage fraud; prohibit. Amends 1931 PA 328 (MCL 750.1 - 750.568) by adding sec. 219d.

Criminal procedure; sentencing guidelines; sentencing guidelines for forgery and uttering and publishing of real estate instruments; enact. Amends sec. 16n, ch. XVII of 1927 PA 175 (MCL 777.16n). TIE BAR WITH: SB 1520'10

Crimes; forgery; crimes of forgery or uttering and publishing of a real estate document; provide specific sentences for. Amends secs. 248 & 249 of 1931 PA 328 (MCL 750.248 & 750.249) & adds secs. 248b & 249b.

Criminal procedure; sentencing guidelines; sentencing guidelines for crime of mortgage fraud; enact. Amends sec. 16l, ch. XVII of 1927 PA 175 (MCL 777.16l). TIE BAR WITH: SB 1518'10

Criminal procedure; sentencing guidelines; sentencing guidelines for crime of false pretenses; revise to reflect increased penalties. Amends sec. 16l, ch. XVII of 1927 PA 175 (MCL 777.16l). TIE BAR WITH: SB 1516'10

Human services; services or financial assistance; access to cash benefits from automatic teller machines (ATMs) located in casinos; prohibit. Amends 1939 PA 280 (MCL 400.1 - 400.119b) by adding sec. 57v.

Consumer credit; other; enactment of uniform debt-management services act; make conforming change to consumer financial services act. Amends sec. 17 of 1988 PA 161 (MCL 487.2067). TIE BAR WITH: SB 1288'10

Consumer credit; other; enactment of uniform debt-management services act; eliminate sentencing guidelines for violation of repealed debt management act. Amends sec. 14j, ch. XVII of 1927 PA 175 (MCL 777.14j). TIE BAR WITH: SB 1288'10

Consumer credit; other; enactment of uniform debt-management services act; make conforming change to credit union act. Amends sec. 102 of 2003 PA 215 (MCL 490.102). TIE BAR WITH: SB 1288'10

Civil procedure; foreclosure; amount required to redeem foreclosed property; allow certain registers of deeds to calculate. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240).

Civil procedure; foreclosure; procedures for redeeming property from mortgage foreclosure; enact miscellaneous revisions. Amends secs. 3130, 3140, 3145, 3232, 3240 & 3248 of 1961 PA 236 (MCL 600.3130 et seq.); adds sec. 3240a & repeals sec. 3244 of 1961 PA 236 (MCL 600.3244).

Financial institutions; mortgage brokers and lenders; notice of assignment of mortgages; require, and create remedies. Amends secs. 22 & 31 of 1987 PA 173 (MCL 445.1672 & 445.1681).

Financial institutions; banks; publication of mortgage loan modification criteria; require. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4105a.

Trade; consumer goods and services; certain mortgage foreclosure consultants and foreclosure consulting contracts; regulate. Creates new act.

A concurrent resolution urging Congress to defend the role of the dollar as a world reserve currency.

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in Michigan education trust act. Amends sec. 19 of 1986 PA 316 (MCL 390.1439).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in savings and loan act of 1980. Amends sec. 515 of 1980 PA 307 (MCL 491.515).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in Michigan consumer protection act. Amends sec. 20 of 1976 PA 331 (MCL 445.920).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in natural resources and environmental protection act. Amends secs. 21528 & 50510 of 1994 PA 451 (MCL 324.21528 & 324.50510).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in Michigan strategic fund act. Amends sec. 23 of 1984 PA 270 (MCL 125.2023).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in professional service corporation act. Amends sec. 8 of 1962 PA 192 (MCL 450.228).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in Michigan export development act. Amends sec. 10 of 1986 PA 157 (MCL 447.160).

Financial institutions; credit unions; notice of withdrawal from account to correct error by credit union; require within 48 hours of withdrawal. Amends 2003 PA 215 (MCL 490.101 - 490.601) by adding sec. 413.

Financial institutions; savings and loan associations; notice of withdrawal from account to correct error by association; require within 48 hours of withdrawal. Amends 1980 PA 307 (MCL 491.102 - 491.1202) by adding sec. 629.

Financial institutions; loan officers; mortgage loan officer licensing; adopt statute that complies with federal SAFE act requirements. Creates new act. TIE BAR WITH: SB 0463'09, SB 0464'09, SB 0465'09

Financial institutions; mortgage brokers and lenders; mortgage brokers, lenders, and servicers licensing act; amend to comply with federal SAFE act requirements. Amends title & secs. 1a, 2, 8, 10, 11, 12, 14, 29 & 33 of 1987 PA 173 (MCL 445.1651a et seq.) & repeals secs. 2a, 2b, 2c & 22b of 1987 PA 173 (MCL 445.1652a et seq.). TIE BAR WITH: SB 0462'09

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in Michigan export development act. Amends sec. 10 of 1986 PA 157 (MCL 447.160).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in mortgage brokers, lenders, and servicers licensing act. Amends secs. 1a & 29 of 1987 PA 173 (MCL 445.1651a & 445.1679).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in Michigan penal code. Amends secs. 159g & 411j of 1931 PA 328 (MCL 750.159g & 750.411j).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in public employee retirement system investment act. Amends sec. 13 of 1965 PA 314 (MCL 38.1133).

Financial institutions; banks; time period for writing off certain bad debt; modify. Amends sec. 4205 of 1999 PA 276 (MCL 487.14205).

Consumer credit; other; tax refund anticipation loans; prohibit certain practices and create remedies and penalties. Creates new act. TIE BAR WITH: HB 4166'09

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in natural resources and environmental protection act. Amends secs. 21528 & 50510 of 1994 PA 451 (MCL 324.21528 & 324.50510).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in Michigan consumer protection act. Amends sec. 20 of 1976 PA 331 (MCL 445.920).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in mortgage brokers, lenders, and servicers licensing act. Amends secs. 1a & 29 of 1987 PA 173 (MCL 445.1651a & 445.1679).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in savings and loan act of 1980. Amends sec. 515 of 1980 PA 307 (MCL 491.515).

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in home solicitation sales statute. Amends sec. 1 of 1971 PA 227 (MCL 445.111).

Financial institutions; loan officers; registration of consumer financial services company mortgage loan officers; allow under secondary mortgage act. Amends sec. 1 of 1981 PA 125 (MCL 493.51). TIE BAR WITH: SB 0379'09, SB 0380'09

Local government; financing; investment in certain certificates of deposit; include credit unions. Amends sec. 1 of 1943 PA 20 (MCL 129.91).

Education; financing; investment in certain certificates of deposit; include credit unions. Amends secs. 622 & 1223 of 1976 PA 451 (MCL 380.622 & 380.1223).

Consumer credit; other; tax refund anticipation loans; require disclosures and prohibit certain practices. Creates new act.

Housing; housing development authority; mortgage foreclosure extension guarantee program; allow housing development authority to offer. Amends 1966 PA 346 (MCL 125.1401 - 125.1499c) by adding sec. 44h. TIE BAR WITH: SB 0029'09

Financial institutions; banks; location of branches or ATM's near commercial affiliates; restrict. Amends secs. 1201, 1202 & 3711 of 1999 PA 276 (MCL 487.11201 et seq.).